Glenwood Investment Group provides financial planning, portfolio management for individuals and small businesses, and publishing newsletters. Financial planning was provided to 11–25 clients last fiscal year.
Glenwood Investment Group reports 372 clients. They include 319 individual clients, 51 high-net-worth individuals and 2 charitable organizations. Of its assets, 96.4% ($192M across 366 accounts) are managed with discretion; $7.17M across 6 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 86% | 47% |
| High-net-worth individuals | 14% | 53% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 319 | $94.3M | 47.3% | $296K |
| High-net-worth individuals | 51 | $105M | 52.6% | $2.06M |
| Charitable organizations | Fewer than 5 | $307K | 0.2% | $154K |
| Total | 372 | $199M | 100% | — |
- Clients
- 319
- Regulatory AUM
- $94.3M
- AUM share
- 47.3%
- Avg. per client
- $296K
- Clients
- 51
- Regulatory AUM
- $105M
- AUM share
- 52.6%
- Avg. per client
- $2.06M
- Clients
- Fewer than 5
- Regulatory AUM
- $307K
- AUM share
- 0.2%
- Avg. per client
- $154K
Total
- Clients
- 372
- Regulatory AUM
- $199M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Glenwood Investment Group is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Fixed fee, typically $1,000 to $5,000, quoted at signing and due on completion; a retainer may be required for planning.
Thomas Stephen owns 75% or more of Glenwood Investment Group. The leadership team of Glenwood Investment Group includes Chief Compliance Officer Thomas Stephen. It has 4 employees, 2 of them in advisory roles.
Leadership
Thomas StephenPrincipal; Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 2 in advisory functions
- 1 state-registered rep
- 1 insurance agent
- Owns 75% or more of Glenwood Investment Group, LLC
Thomas Stephen
Control person · since March 2022
Glenwood Investment Group’s regulatory assets grew from $133M (March 2022) to $199M (March 2026); clients rose from 350 to 372 and employees fell from 6 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $199M | 372 | 4 | 5 |
| March 2025 | $171M | 378 | 5 | 6 |
| March 2024 | $142M | 355 | 5 | 6 |
| March 2023 | $131M | 355 | 5 | 6 |
| March 2022 | $133M | 350 | 6 | 6 |
Besides its headquarters, Glenwood Investment Group has 4 offices, with 5 listed addresses in Massachusetts and New Hampshire.
New Hampshire · 4 listed addresses
- 814 Elm Street, Suite 503, ManchesterHQ
- 500 Market Street, Portsmouth
- 20 Trafalgar Square, Nashua
- 5 Acer Heights Road, Claremont
Massachusetts · 1 listed address
- 800 Turnpike Street, North Andover
Contact and registration details
- Legal name
- Glenwood Investment Group, LLC
- Headquarters
- 814 Elm Street, Suite 503, Manchester, NH 03101
- Website
- glenwoodinvestment.com
- Phone
- 603-606-3391
- SEC file
- 801-121991
- Structure
- New Hampshire LLC
- Fiscal year end
- December
Glenwood Investment Group uses Charles Schwab ($0) as custodian for its separately managed accounts. Glenwood Investment Group does not have custody of client assets.
The filed values do not form a complete breakdown. Values are shown as filed.
- Charles Schwab · Charles Schwab & Co., Inc. · Westlake, TX · $0
- 0%
At year end, Glenwood Investment Group’s separately managed accounts were mostly in funds (92%).
What the accounts hold
- Stocks4%
- Funds92%
- Cash5%
How many clients does Glenwood Investment Group have?
Glenwood Investment Group has 372 clients and manages $199 million for them, as of March 2026. They include 319 individual clients, 51 high-net-worth individuals and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 March 2026
What services does Glenwood Investment Group offer?
Glenwood Investment Group provides financial planning, portfolio management for individuals and small businesses, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Glenwood Investment Group use?
The filing also lists Charles Schwab & Co., Inc. with no separately managed account assets.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 March 2026
How many financial advisors does Glenwood Investment Group have?
Glenwood Investment Group has 1 investment adviser representative registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Glenwood Investment Group invest in?
At the end of its last fiscal year, Glenwood Investment Group’s separately managed accounts held 92% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents and 4% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Glenwood Investment Group?
Glenwood Investment Group’s direct owner is Thomas Stephen (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 6 March 2026
How does Glenwood Investment Group get paid?
Glenwood Investment Group is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Glenwood Investment Group?
Glenwood Investment Group’s main office is at 814 Elm Street, Suite 503, Manchester, NH 03101. Its phone number is 603-606-3391. Its website is glenwoodinvestment.com.